Zacks: Fluent Inc (FLNT) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Fluent Inc (NASDAQ:FLNT) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Fluent’s rating score has declined by 100% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price objective of $6.75 for the company and are expecting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Fluent an industry rank of 56 out of 255 based on the ratings given to related companies.

Several research firms have recently weighed in on FLNT. Zacks Investment Research cut shares of Fluent from a “hold” rating to a “sell” rating in a research note on Monday, March 18th. ValuEngine cut shares of Fluent from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Barrington Research increased their price target on shares of Fluent from $6.00 to $8.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Finally, Roth Capital cut shares of Fluent from a “buy” rating to a “neutral” rating in a research note on Thursday, March 14th.

FLNT stock traded up $0.05 during mid-day trading on Wednesday, reaching $6.29. The company’s stock had a trading volume of 5,611 shares, compared to its average volume of 471,659. The company has a market cap of $476.32 million, a price-to-earnings ratio of 62.30, a PEG ratio of 0.81 and a beta of 0.57. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.25. Fluent has a fifty-two week low of $1.95 and a fifty-two week high of $6.39.

Fluent (NASDAQ:FLNT) last released its quarterly earnings data on Wednesday, March 13th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). Fluent had a negative net margin of 7.16% and a positive return on equity of 6.23%. The business had revenue of $70.80 million during the quarter, compared to analyst estimates of $65.93 million. The company’s revenue for the quarter was up 25.3% on a year-over-year basis. As a group, equities analysts forecast that Fluent will post 0.2 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in shares of Fluent in the 4th quarter valued at approximately $37,000. Two Sigma Investments LP purchased a new position in shares of Fluent during the 4th quarter worth approximately $48,000. Gotham Asset Management LLC purchased a new position in shares of Fluent during the 4th quarter worth approximately $64,000. Stone Ridge Asset Management LLC purchased a new position in shares of Fluent during the 4th quarter worth approximately $71,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Fluent during the 4th quarter worth approximately $82,000. 25.83% of the stock is owned by institutional investors and hedge funds.

About Fluent

Fluent, Inc provides data-driven digital marketing services primarily in the United States. The company also offers customer acquisition services by operating digital marketing campaigns, through which the company connects its advertiser clients with consumers. It delivers data and performance-based marketing executions to approximately 500 consumer brands, direct marketers, and agencies across a range of industries, including financial services, retail and consumer, media and entertainment, staffing and recruitment, and marketing services.

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